Japan urges support for fire-hit Renesas as global chip woes deepen

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Japan has called on equipment makers to help one of its biggest chipmakers restore production, the latest government move aimed at easing a ...

Japan has called on equipment makers to help one of its biggest chipmakers restore production, the latest government move aimed at easing a semiconductor shortage that has hit production at car companies and is now pressuring makers of electronic devices.

In a further sign that chip woes are spilling beyond the auto industry, Intel Corp on Tuesday forecast lower-than expected annual profit, reflecting what it said was an industry-wide shortage of components such as substrates. The company's processors power personal computers and servers. Governments and companies are also positioning themselves for long-term survival in the highly competitive semiconductor industry which has often been a flashpoint for trade tensions.

 

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